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The Consumer Financial Protection Bureau is among the federal agencies seeking public input on developing a uniform standard to determine whether banks and other financial institutions are making diverse hires. The draft standards will be available later this year, along with a public comment period. "[T]he best way to serve our consumers is to ensure that our workforce reflects the faces, ideas, backgrounds and experiences of the American public," said Richard Cordray, CFPB director.

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Corrections, clarifications and amendments that were proposed in April to shore up the Consumer Financial Protection Bureau's qualified-mortgage and mortgage-servicing rules were finalized Wednesday. "We are listening closely to feedback on our rules, and today's clarifications show our willingness to make appropriate adjustments to achieve that goal," CFPB Director Richard Cordray said.

A 45-page compliance guide that the Consumer Financial Protection Bureau published Wednesday explains minimum standards that small banks and mortgage lenders should use to comply with the qualified-mortgage rule.

The Consumer Financial Protection Bureau is giving four banks 15 days to explain auto loans and auto dealer interest-rate markups that appear discriminatory and violate the Equal Credit Opportunity Act, sources say. The CFPB reportedly sent letters last week to the banks, warning of potential lawsuits. The agency has oversight of banks but not auto dealers. "Auto lending is within our jurisdiction," said Richard Cordray, CFPB director. "We are examining institutions around auto lending just as we are looking at them on mortgage, credit cards, student loans."

A new Web tool from the Consumer Financial Protection Bureau allows students to compare tuition costs among more than 7,500 colleges and determine how much they would owe in student loans after graduation. "Our Financial Aid Comparison Shopper helps students make apples to apples comparisons of their offers and pick the one that works best for their financial future," Richard Cordray, CFPB director, said in a statement.

Richard Cordray, head of enforcement at the new Consumer Financial Protection Bureau, said that once the agency officially launches, it will start using its new enforcement powers "immediately." Cordray, former attorney general for Ohio, indicated he will be as aggressive in his new role as he was in his last. "I will be seeing to it that we will be ready with some of our priorities immediately," Cordray said when asked when the CFPB would begin bringing enforcement actions.